The Slopes of the Production Possibilities Curves for Two Nations

question 297

Multiple Choice

The slopes of the production possibilities curves for two nations reflect the

• A)relative prices of the resources in the two nations.
• B)amounts of imports and exports of the two nations.
• C)average income levels in the two nations.
• D)opportunity costs of production in the two nations.

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Definitions:

Emotion

A complex psychological state involving an individual's subjective experience, physiological response, and behavioral or expressive response.

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, and praise rather than for the satisfaction that comes from the activity itself.

Self-Regulation

The process by which an organism effortfully controls its behavior in order to pursue important objectives.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a hierarchy of human needs, from basic physiological needs to self-actualization.